Abstract

In many countries auto industry is a strategic sector of the economy, representing,
 together with related industries and supporting part of the national industry,
 providing employment and implementing the technological capabilities of the
 country. The present study focuses on the description of the impact of sanctions
 on the development of the crisis, the automobile industry, car manufacturers and
 the market of cars of Russia. As a result, US and EU sanctions against Russia
 among the first to pass the sanctions hit the country´s automotive industry. During
 the period of sanctions Russian car market is characterized by falling sales and
 reduced production. Sanctions crisis has affected the entire chain from production
 to bring the car to the final consumer — the drop in demand for cars in the
 domestic market and reduction of vehicle production; the decline in production
 was achieved by the suspension or closure of plants, which affected the social
 sphere, increasing unemployment and reducing the incomes of workers and
 automotive professionals. Thus, the article examines the impact of the sanctions
 impact of the crisis on the enterprise on production of cars, as well as trade
 in cars in the Russian market.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.